LiveRez Owner Statements: The Benefits of Owner Reserves

Pink Piggy Bank On Top Of A Pile Of One Dollar BillsOne of the newer features of LiveRez owner statements is the ability to add a “reserve” for owners. Basically, these “reserves” allow you to hold funds owed to owners in a reserve and then apply those funds to future owner statements.

Let’s say an owner is owed $3,000 one month, and you transfer $1,000 of it to the reserve. The owner is then only paid $2,000 that month. In a future month, where the owner may have incurred higher costs and/or saw lower revenue, you could then apply some or all of that $1,000 to their owner statement. This new option helps ensure that even in an owner’s worst month, they’ll have a positive balance on their statement.

This is just one handy feature of the LiveRez owner statements. LiveRez owner statements are packed with time-saving features to make producing your statements each month faster and more efficient.

  • LiveRez owner statements are comprehensive and easy to create
  • You can create statements monthly, yearly and based on custom date ranges
  • LiveRez’s bulk processing utility lets you process, create, publish and notify owners of statements in mass
  • You can set up recurring costs to be automatically added to owner statements each month
  • You can quickly add one-time fees to owner statements
  • Fees and expenses from other parts of the system (i.e. work order expenses) can be automatically added to statements
  • And, you can even optionally make pre-split deductions from owner income

To learn more about how LiveRez can help make your vacation rental business more efficient and help you get more bookings, call us at (800) 343-2891 or email Sales@LiveRez.com.

Learn More About LiveRez
LiveRez is the fastest growing vacation rental software provider for professional vacation rental managers. The company’s cloud-based, end-to-end platform offers fully integrated solutions for reservation management, trust accounting and online marketing, with high-ranking, high-conversion dynamic websites and an extensive affiliate marketing program. The company is a proud Gold Sponsor of the Vacation Rental Manager’s Association (VRMA).

Visit LiveRez.com to learn more:

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How LiveRez Saves You Time on Owner Statements

Owner Statements - Save Time

Vacation rental managers can save valuable time each month on their owner statements by using LiveRez.

Owner statements are a vital part of your property management business, but – especially if you manage a lot of properties – putting them all together at the first of the month can be a huge time suck.

But, if you’ve chosen LiveRez as your vacation rental software, this doesn’t have to be the case. LiveRez has instituted a number of time-saving features to take the hassle out of owner statements.

  • With LiveRez, all of your properties are attached to one or more owners, and the commission splits are automatically figured.
  • All your reservations rates, your taxes, your fees and other pertinent information from your reservations are automatically carried over to your respective owners.
  • Any maintenance tasks or recurring costs logged in the work order system are also carried over.
  • We also give you the option of handling your owner statements in bulk:
    • You can process your owner statements in bulk
    • You can bulk publish your owner statements to their respective owners’ online owner portals
    • You can send notification emails to all of your owners, letting them know their statements are ready to view online
    • And, you can send all of your owner statement information to QuickBooks through our real-time integration.

So, if you’re grueling over your owner statements at the beginning of next month, don’t get mad. Get LiveRez.

Learn More About LiveRez
LiveRez is the fastest growing vacation rental software provider for professional vacation rental managers. The company’s cloud-based, end-to-end platform offers fully integrated solutions for reservation management, trust accounting and online marketing, with high-ranking, high-conversion dynamic websites and an extensive affiliate marketing program. The company is a proud Gold Sponsor of the Vacation Rental Manager’s Association (VRMA).

Visit LiveRez.com to learn more:

Did you like this post?

Please consider “liking” it and sharing it on your social media channels via the buttons below. You can also follow us and get notifications of all new posts via the “Follow” button Follow Us in the bottom right-hand part of the screen.